LICENSING AND MONITORING LICENSING • This is a system of state control over export and import operations by strictly accounting for certain commodity flows. Licenses in the field of foreign economic activity are subdivided into 1. One-time 2. Exclusive 3. General Licensing bodies in the field of foreign trade in the Russia Department of International Cooperation of the Ministry of Industry and Trade of RF Russian Export Center Some licensing cases: • Decision of the EEC Board date 21/04/15 №30 “On measures of non-tariff regulation” • Administrative regulation of the Ministry of Industry and Trade of RF for export and import of the certain types of good. EXAMPLES In May 2018, Nestle and Starbucks entered into a $7.15 billion coffee licensing deal. Nestle (the licensee) agreed to pay $7.15 billion in cash to Starbucks (the licensor) for exclusive rights to sell Starbucks’ products (single-serve coffee, teas, bagged beans, etc.) around the world through Nestle’s global distribution network. Additionally, Starbucks will receive royalties from the packaged coffees and teas sold by Nestle. McDonald's franchisee has a licensing agreement with the McDonald's Corporation that lets them use the company's branding and marketing materials. And toy manufacturers routinely sign licensing agreements with movie studios, giving them the legal authority to produce action figures based on popular likenesses of movie characters. MONITORING • Monitoring is a based on the automatic issuance of permit for the export or import of goods subject to monitoring WORLD TRADE MONITOR • Developments in global international trade and industrial production June 2020: • World trade volume increased 7.6% month-on-month (growth was -1.1% in May, unchanged from initial estimate) and growth was -12.5% in 2020Q2 (-2.7% in 2020Q1). • World trade momentum was -12.5% (non-annualised; -11.7% in May, initial estimate -11.6%). • World industrial production increased 4.8% month-on-month (having increased 0.8% in May, unchanged from initial estimate) and growth was -6.9% in 2020Q2 (4.1% in 2020Q1). • World industrial production momentum was -6.9% (non-annualised; -7.2% in May, initial estimate -7.1%).